United Parcel Service (UPS) reported first-quarter net income of $1.03 billion, up 12.6% over a net profit of $911 million in the 2014 March quarter, on a 1.4% year-over-year increase in revenue to $13.98 billion. UPS also announced that CFO Kurt Kuehn will retire effective July 1 and be replaced by UPS corporate controller and treasurer Richard Peretz, a longtime company executive who originally joined UPS in 1981. Kuehn has been CFO since 2008. Kuehn touted UPS’s “positive ...

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